Trump picks a Wall Street lawyer to head the SEC
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This final note before we go.
President-Elect Trump has chosen Jay Clayton to head the Securities and Exchange commission.
He’s a lawyer who has represented many big banks on Wall Street, including Goldman Sachs and Barclays. The SEC’s purview includes enforcing rules for securities firms, and may play a role in Trump’s stated plan to dismantle the Dodd-Frank financial regulatory law put into place after the 2008 financial crisis.
The Trump team put out a statement today saying they want to, “undo many regulations which have stifled investment in American businesses.”
To find out more about Trump’s staff, click the banner below.
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